Jan 16, 2013 6:00pm EST
election if you are responsible for stopping even a week's worth of social security checks. there won't be any wrangling. pin the tail on the gop and despite the party, within the gop, it's vital donors not be turned off. that's what business of politics is all about. the gop is no longer beholden to big corporations and is embracing and being supported by small businesses. enough. someone who has been a small businessman all his life, started many businesses, let me say these articles are stupid and nonsensical. here is the dirty little secret. all of us who tried our hand of starting a small business, i wish it would get into the media's conscious. small business needs big business to do well. if it's going to do well itself. big business hires, grows, puts people to work. small business caters locally to the big business. let me explain how local businesses would love to be as independent as some pomp particulars seem to believe. we all know better. the summit in new jersey. a bunch of guys. we survive because big business in this case, selgean is headquarters down the street.
Jan 22, 2013 11:00pm EST
enough it fell after the election and we did get pummeled. but what most impressed me was what she told us on november 20th, when everyone began to freak out at that moment, at that chicken little moment, when all the worrywarts were out in full force, she told us to stop worrying. the s&p was ready to rally. she sent me this, holy cow, this is out of sync with what we were thinking. at the time. the s&p is at 1387. now it is at 1492. in short, brodin nailed a 100 point move in the s&p in two months. what a great grab. look at that. she nailed that. i might not be a chartist, but the charts don't have emotions. they aren't about the fiscal cliff or the debt ceiling or the election. it is totally working this market. so i have to go back to the mathematical well. what can i tell you, we want to know what the queen thinks it could go next. take a look at this chart. the s&p said it would. and shortly thereafter she told us that the low was likely to be pivotal, as a key part of her methodology. you heard me talk about fibonacci ratios. these numbers are 23.6%. 38.2%. 50 % and 69.1%. it is
Jan 18, 2013 11:00pm EST
course of the next 12 months or so. >> are you seeing confidence coming back after the election? and some of the bigger guys coming in maybe looking for some construction loans, commercial loans that you can make a ton of money on in the second half of 2013? >> well, we saw pretty good loan growth in the course of 2012, pipelines because we had strong closings in the fourth quarter are down a little bit as we transition into the year. i would say that we haven't -- have not seen a big pick-up in confidence in the marketplace. you're correct and we got through the fiscal cliff, but we've got a number of different things, whether it be the debt ceiling, the sequester, the continuing resolution in d.c. that are on the surface. our sense is customers are gaining confidence, they're willing to make marginal investments, but they're going to be very measured steps and they're going to be reflective of a loan environment that's commensurate with a 2% to 3% growth economy. given that we think we'll get our fair share, we'll put some very profitable relationships long-term high-quality r